Word: profitability
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Dates: during 1980-1989
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These differences between the laboratory and the workplace present troubling conflicts of interest when professors enter the business world. Patents, and their secrecy, may erode the openness of a scientific culture that produced a discovery. The glimmer of profit can influence research choices by convincing a professor to pursue a lucrative field instead of working on more esoteric subjects. Professors may withhold the publication of their findings until they reach the patenting stage--as happened several times last year in the field of superconductors--even refusing to informally discuss their research with their colleagues. Consulting or using university facilities...
After buying the building, HRE will resell it immediately at no profit, said Zeckhauser...
Harvard's option to buy the building will expire at the end of 1988. said Kathy Spiegelman, assistant director of Harvard planning. Harvard plans to resell the building to Home-owner's Rehabilitation Inc. (HRI), a non-profit organization that builds affordable housing in Cambridge with partial city funding...
...whether the non-profit developer will buy the building. Zeckhauser said. "I think prospects are very good," Members of the development group could not be reached for comment yesterday...
Despite their profit-making ability, Wasserstein and Perella were unable to resolve a basic tension between the competing demands of First Boston's investment-banking and trading departments. During the bull-market days of the early 1980s, trading departments grew in size and influence because of their steady profit stream. But since traders are now risking large amounts of capital in increasingly volatile markets, investment bankers argue that the money would be better spent to finance ventures that lately have produced more reliable income. Dealmakers like Wasserstein and Perella are especially eager to become merchant bankers, who use their...